Re:Robinhood launches 3% checking account
by woolvalley on Thursday December 13, 2018 @04:53PM
(#18676477)
I got a cash card, got a generic undefined activation error and no reply from support. I eventually just shredded the card.
When I talk to friends for p2p payments, people mostly use venmo, then messenger & apple pay and nobody uses square cash.
Square's Cash App + Cash Card is taking the lead here, IMO. Card, direct deposit, ATM usage, p2p payments, rewards program.
They've been the #1 app in finance all year on the Apple store, and were #1 in all free apps for a little while this past week. They are massively popular in the south, but the rest of the country may catch up, but I sort of wonder if silicon valley is gonna miss the rise since its out of sight for the time being. For growth and reach see for example:
Graph over time: https://trends.google.com/trends/explore?date=all&geo=US&q=c...
States where cash app dominates so far: https://trends.google.com/trends/explore?date=today%201-m&ge...
If Cash App introduced brokerage services it would be over for Robinhood.